Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices traded up today The three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 80 points (0.5%) at 17,464 as of Wednesday, Nov. 5, 2014, 3:25 PM ET. The NYSE advances/declines ratio sits at 1,610 issues advancing vs. 1,406 declining with 158 unchanged.

The Industrial industry as a whole was unchanged today versus the S&P 500, which was up 0.5%. Top gainers within the Industrial industry included LGL Group ( LGL), up 3.0%, P & F Industries ( PFIN), up 1.6%, American DG Energy ( ADGE), up 2.5%, LightPath Technologies ( LPTH), up 2.3% and Art's-Way Manufacturing ( ARTW), up 1.6%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

Art's-Way Manufacturing ( ARTW) is one of the companies that pushed the Industrial industry higher today. Art's-Way Manufacturing was up $0.09 (1.6%) to $5.60 on light volume. Throughout the day, 3,487 shares of Art's-Way Manufacturing exchanged hands as compared to its average daily volume of 14,000 shares. The stock ranged in a price between $5.48-$5.60 after having opened the day at $5.48 as compared to the previous trading day's close of $5.51.

Art's-Way Manufacturing Co., Inc. manufactures and sells agricultural equipment, specialized modular science buildings, pressurized steel vessels, and steel cutting tools in the United States and internationally. Art's-Way Manufacturing has a market cap of $22.5 million and is part of the industrial goods sector. Shares are down 8.7% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate Art's-Way Manufacturing a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Art's-Way Manufacturing as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow.

Highlights from TheStreet Ratings analysis on ARTW go as follows:

  • The revenue growth came in higher than the industry average of 1.7%. Since the same quarter one year prior, revenues rose by 23.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Machinery industry. The net income increased by 2046.2% when compared to the same quarter one year prior, rising from $0.03 million to $0.56 million.
  • The debt-to-equity ratio is somewhat low, currently at 0.66, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Despite the fact that ARTW's debt-to-equity ratio is low, the quick ratio, which is currently 0.60, displays a potential problem in covering short-term cash needs.
  • In its most recent trading session, ARTW has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Machinery industry and the overall market, ARTS WAY MFG INC's return on equity significantly trails that of both the industry average and the S&P 500.

You can view the full analysis from the report here: Art's-Way Manufacturing Ratings Report

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At the close, LightPath Technologies ( LPTH) was up $0.03 (2.3%) to $1.35 on light volume. Throughout the day, 1,304 shares of LightPath Technologies exchanged hands as compared to its average daily volume of 40,000 shares. The stock ranged in a price between $1.35-$1.35 after having opened the day at $1.35 as compared to the previous trading day's close of $1.32.

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. LightPath Technologies has a market cap of $19.9 million and is part of the industrial goods sector. Shares are down 2.9% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates LightPath Technologies a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates LightPath Technologies as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself.

Highlights from TheStreet Ratings analysis on LPTH go as follows:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income increased by 142.2% when compared to the same quarter one year prior, rising from -$0.24 million to $0.10 million.
  • LPTH's debt-to-equity ratio is very low at 0.02 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, LPTH has a quick ratio of 1.56, which demonstrates the ability of the company to cover short-term liquidity needs.
  • LIGHTPATH TECHNOLOGIES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, LIGHTPATH TECHNOLOGIES INC swung to a loss, reporting -$0.02 versus $0.02 in the prior year. This year, the market expects an improvement in earnings ($0.00 versus -$0.02).
  • Net operating cash flow has significantly decreased to $0.04 million or 93.72% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, LIGHTPATH TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&P 500.

You can view the full analysis from the report here: LightPath Technologies Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

LGL Group ( LGL) was another company that pushed the Industrial industry higher today. LGL Group was up $0.11 (3.0%) to $3.82 on average volume. Throughout the day, 4,412 shares of LGL Group exchanged hands as compared to its average daily volume of 3,900 shares. The stock ranged in a price between $3.73-$3.82 after having opened the day at $3.73 as compared to the previous trading day's close of $3.71.

The LGL Group, Inc., through its subsidiaries, designs, manufactures, and markets standard and custom-engineered electronic components in the United States and internationally. LGL Group has a market cap of $10.1 million and is part of the industrial goods sector. Shares are down 31.4% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate LGL Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates LGL Group as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on LGL go as follows:

  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, LGL GROUP INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for LGL GROUP INC is currently lower than what is desirable, coming in at 27.40%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -21.69% is significantly below that of the industry average.
  • Net operating cash flow has significantly decreased to -$0.04 million or 108.23% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • LGL's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 37.50%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • LGL GROUP INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, LGL GROUP INC reported poor results of -$3.16 versus -$0.51 in the prior year.

You can view the full analysis from the report here: LGL Group Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.